Forecast
News
March 11, 2019
OPEC’s loss of market power to what was once its biggest customer will continue until the middle of the next decade as U.S. shale oil thrives.
News
January 31, 2019
In its first update to the 2019 Canadian Drilling Activity Forecast, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2019 to 5,600 wells.
News
January 22, 2019
After years of gloom, the oil industry’s out of its slump.
News
January 10, 2019
Oil prices are likely to trade between $60/bbl to $70/bbl range by mid-2019, barring sharp economic slowdown.
News
January 10, 2019
Norway’s oil regulator reduced its forecast for production this year, predicting crude output could drop to the lowest in three decades before recovering in 2020.
News
January 07, 2019
Goldman Sachs Group cut its oil price forecasts for 2019, citing a re-emerging surplus and resilient U.S. shale production.
News
December 11, 2018
Contrary to some observers who focus intently on trade data as a proxy for demand, China’s total oil product demand rose by only 150,000 bpd in 2018.
News
December 09, 2018
Attention operators! World Oil has launched its 2018 year-end drilling survey, and we need your input to make the upcoming World Oil first-of-year Forecast a success.
News
November 07, 2018
The oil fields of West Texas don’t sit still for long.
News
October 30, 2018
Oil, gas and chemicals executives see higher oil and natural gas prices on the horizon, but new findings from Deloitte’s “2018 Oil, Gas and Chemicals Executive” survey reveals that the industry has varying expectations for what the anticipated price recovery will bring.
News
October 25, 2018
Major oil and gas exporters have weathered many upheavals in recent decades but a renewed commitment to reform and economic diversification will be vital to cope with the changing dynamics of global energy.
News
October 22, 2018
Halliburton Co.’s optimistic outlook for the U.S. oil and gas industry in 2019 was overshadowed by a worse-than-expected projection for the final three months of this year as activity slows throughout North America.
News
October 12, 2018
The International Energy Agency cut forecasts for oil demand this year and next because of growing threats to global economic growth, yet warned that dwindling spare oil supplies will keep prices high.
News
September 13, 2018
In the September 2018 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) increased the forecast price for the Brent spot price to $73/bbl in 2018 and $74/bbl in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/bbl lower than Brent prices in 2018 and in 2019.
News
August 07, 2018
The pace of U.S. crude production growth might be slowing or at least that’s what the government is seeing for now.
News
July 16, 2018
In the July 2018 update of its Short–Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $73/bbl in the second half of 2018 and $69/bbl in 2019.
News
July 06, 2018
Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented crude price spike, according to Sanford C. Bernstein & Co.
News
June 26, 2018
Strong demand growth from China, greater industrial demand, and rising supplies from the United States, will transform global natural gas markets over the next five years according to the International Energy Agency's latest market forecast.
News
June 13, 2018
During the opening day, Tuesday, of this year’s Global Petroleum Show in Calgary, the Canadian Association of Petroleum Producers (CAPP) released its 2018 Crude Oil Forecast, Markets and Transportation report.
News
January 11, 2018
EIA’s January Short-Term Energy Outlook forecasts Brent crude oil to average $60/bbl in 2018 and $61/bbl in 2019, slightly higher than the $54/bbl average in 2017. In both 2018 and 2019, EIA expects total global crude oil production to be slightly greater than global consumption, with U.S. crude oil production increasing more than any other country.
News
April 28, 2017
The Petroleum Services Association of Canada (PSAC), in its second update to the 2017 Canadian Drilling Activity Forecast, announced its revision of the forecasted number of wells drilled (rig released) across Canada for 2017 to 6,680 wells.
